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re: Anyone own vending machines?
Posted on 1/20/23 at 10:42 am to Hawgeye
Posted on 1/20/23 at 10:42 am to Hawgeye
80+ machines is a lotttt of effort to be bringing home less than 100k take home. And it seems like a fair amount of risk in terms of investment. Hard to sell that many machines really fast. Seems viable if you live in a big city, and much less so if you live in a smaller area.*
This post was edited on 1/20/23 at 11:17 am
Posted on 1/20/23 at 2:55 pm to m2pro
quote:
80+ machines is a lotttt of effort to be bringing home less than 100k take home. And it seems like a fair amount of risk in terms of investment. Hard to sell that many machines really fast. Seems viable if you live in a big city, and much less so if you live in a smaller area.*
I mean, it’s not that much effort. I have my own career. I have two employees. I’m retiring from my career at 50 and will work the business 2-3 days a week. I have a warehouse that’s bought in cash with two rental shops on the front that cover utilities.
I could make more off of the vending business if I wanted. Everyone’s risk tolerance is different. It isn’t that risky to me with my established locations…why would I want to sell any of my machines? It’s not like I just started this yesterday. I made it through Covid and shutdowns. I am in a large metro of over 1MM people but have locations across the state.
Nearly everything I bring home in vending goes back into the business or retirement. Mostly retirement.
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